Starr unveils Environmental Shield product to help manage increasing compliance challenge

Starr Insurance Companies, which has operations in Bermuda as well as the US, Europe and Asia, has unveiled Environmental Shield, a customised environmental insurance product.

Environmental Shield covers multiple manufacturing risks with a single underwriter overseeing and streamlining the design. It is offered in response to the growing risk inherent in the proliferation of environmental compliance and regulatory requirements across different jurisdictions.

Brad Dodge, head of Starr’s environmental division, cited the increasingly complex array of manufacturing environmental risks companies currently face. “Shield offers a hard-to-find solution that simplifies the process and servicing for clients by establishing a single-point-of-contact underwriter to customise a package of multiple coverages,” he said.

Starr said Shield eliminates the inefficiencies of having to deal with multiple underwriters and carriers to insure risks such as workers’ compensation and commercial automobile, while also requiring cover for pollution-specific exposures and needing excess capacity.